Brandon Callender
beigetreten: Mar 3, 2009
Beiträge: 1
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Province/State: California
Stadt: Oakland
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[Poll] Is inflation worse than unemployment?
March 29, 2009 - 01:08 AM
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In your opinion, is inflation worse than unemployment? This is a pressing issue because around the world, countries are enacting stimulus packages, containing trillions of dollars, (euros, yen, yuan etc.).
Eventually this money has to come from somewhere. When governments can't borrow from each other anymore, they start printing money. This creates inflation, which means that money is worth much less. For example, we have had massive inflation since 1933, the great depression mind you, 100 dollars back then are $1267 now.
But if countries print money with wild abandon, money will be worth so little that we would have to carry it in stacks! Life savings would be worthless! In Yugoslavia, the nation bank printed 500 Billion dinar bills!
A job will be worthless if hyperinflation takes hold, and therefore, i would much rather have double digit unemployment than extreme inflation.
Is inflation worse than unemployment?
No
(2 votes for 66.67%)
Yes
(0 votes for 0%)
Not Sure
(1 votes for 33.33%)
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